- IOTA has updated its TWIN protocol to simplify and secure global trade using digital identities and tamper-proof documents.
- The modular, decentralized system improves efficiency, reduces costs, and supports real-time verification across borders.
IOTA has released an updated whitepaper for its Trade & Logistics Information Network (TWIN), introducing a bold plan to revolutionize global trade. With international trade valued at over $33 trillion annually, the TWIN protocol aims to simplify processes, reduce bureaucracy, and ensure trust across borders.
How IOTA TWIN Protocol Works
The updated TWIN system focuses on verifiable digital identities and tamper-proof document trails. Businesses on the network receive digital credentials to sign customs documents, cargo records, and invoices. These signed documents can be verified by any stakeholder—such as shipping companies or customs offices—without involving a central authority.
TWIN’s modular design allows companies to choose the features they need. Whether it’s digital tracking or document sharing, businesses can start small and expand their use as they grow. This flexibility makes it easy to adopt without overhauling existing systems.
IOTA Ensures Interoperability Across Global Standards
One of TWIN’s biggest strengths is its ability to work with different global logistics standards, including GS1 and EPCIS 2.0. This ensures smooth communication between systems across countries, making international trade faster and more efficient.
Using IOTA’s decentralized network, trade partners can also verify certifications and credentials instantly. A port or customs office can confirm a company’s compliance record in real-time using cryptographic proofs—eliminating the need for intermediaries.
Real-World Impact Already Seen
The whitepaper highlights a test deployment in Kenya where customs clearance times were reduced from five days to just two. The system also helped cut costs and minimize manual errors, proving the potential for real-world success.
Global Governance Ensures Fair Oversight
TWIN is overseen by a council made up of the IOTA Foundation, international trade bodies, and government organizations. This ensures the protocol evolves through a global consensus, maintaining transparency and alignment with real-world trade requirements.
IOTA’s updated TWIN protocol presents a powerful and scalable solution for the future of global trade. With digital trust, modular adoption, and cross-border compatibility, it could soon become a core infrastructure in international logistics.
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